India's Ministry of Heavy Industries has announced a new EV policy that would spur international investment in the local market.
A major regulatory roadblock has been cleared for Tesla as it plans to expand its presence in South Asia. India, the world’s third-largest passenger vehicle market behind China and the U.S., has agreed to lower its punitive tariffs on certain imported electric vehicles, India’s commerce ministry announced today. India imposes up to a 100% import duty on cars manufactured overseas. That means the standard range Tesla Model 3, which carries an MSRP of $33,990 in the U.S.
' 'It's quite likely that there will be a significant investment relationship with India in the future. Tesla will be in India as soon as humanly possible,' CEO Elon Musk said last year in New York City where Indian Prime Minister Narendra Modi arrived for an official state visit. The two also met on the sidelines and courted each other to build a partnership.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla’s Official India Entry Almost Confirmed Under New EV PolicyIndia's Ministry of Heavy Industries has announced a new EV policy that would spur international investment in the local market.
Read more »
Teslas Depreciate Way Faster Than Maseratis Or Alfa Romeos: StudyTesla's aggressive price war on EVs has tumbled the value of its used cars. A new study suggests a new Tesla will depreciate three times faster than a Maserati.
Read more »
Teslas Depreciate Way Faster Than Maseratis Or Alfa Romeos: StudyTesla's aggressive price war on EVs has tumbled the value of its used cars. A new study suggests a new Tesla will depreciate three times faster than a Maserati.
Read more »
Teslas Can Be Stolen by Hijacking WiFi at Charging Stations, Researchers FindScience and Technology News and Videos
Read more »
Elon Musk Hints Dogecoin Payment For Teslas ‘At Some Point’—Meme Currency SoarsI am a senior reporter for the Forbes breaking news team, covering health and science from the London office. Previously I worked as a reporter for a trade publication covering big data and law and as a freelance journalist and policy analyst covering science, tech and health.
Read more »